Nicolas Cage filed a $20 million lawsuit against his former business manager Samuel J. Levin alleging that he was reckless with his money, including doing such things as not paying taxes, which is the reason Cage now owes more than $6 million in unpaid taxes. While Cage blames mismanagement for his financial ruin, The Daily Beast is showing another perspective, revealing the actor purchased more than a dozen houses, two islands, dinosaur skulls, shrunken heads and at least 50 cars. "[He] spent money like it was water," a source said. Let's break down the actor's alleged spending habits. >>

Property - Cage has bought houses in places like Newport Beach, Venice Beach, Malibu, San Francisco, Middletown, Rhode Island, New York, and Las Vegas. He even owned a castle near Bath, England, an 11th-century estate in Etzelwang, Germany and two Bahamian islands.

Cage's primary residence was the 1940 Bel Air mansion with eight bedrooms, a theater, wine cellar, and a library. But he put it on the market a few years back for more than $30 million. A source close to the sale says it went for less than $15 million. Cage's two mansions in New Orleans have been foreclosed upon and will be auctioned off later this month. The first, a 13,000-square-foot, six-bedroom house in the Garden District, was originally put on the market for a reported $3.45 million. The second, on Royal Street in the French Quarter, went on sale for $3.5 million.

Bel Air Christmas party - According to The Daily Beast, "The Christmas party in the tent at Nicolas Cage's mansion was a major to-do. The pool was covered up. Blocks of ice were brought in and carved into a buffet table, from which an extravagant array of shellfish was served. A production crew blew fake snow. There were enormous nutcracker men, 8- to 10-feet-tall, out by the gate in front of the house. Lighting specialists came by and illuminated Cage's favorite cars, which sat on display in the driveway. Guests at the December 2003 event included Hugh Hefner and Jay Leno, who later called it the greatest Christmas party he'd ever been to."

Charity - In 2005, Cage gave $1 million to the Red Cross to aid victims of Hurricane Katrina. In 2006, Amnesty International announced that Cage was giving the organization $2 million.

Cars - In June 2004, he owned 18 motorcycles and 30 cars including "Ferraris, Lamborghinis, Rolls Royces, Bentleys," The Daily Beast reports. At another point, two sources say, Cage's car total was around 50. He also spent nearly half a million dollars on a Lamborghini Miura SVJ that had been owned by the shah of Iran. Oh yeah, and he also own at least two yachts and a Gulfstream jet, which goes for anywhere between $45 million and $70 million.

One source said Cage spent over six figures on a Bentley, then sent it to be fitted with custom cabinetry in the back. A TV, stereo, and bar were all put in. The renovation costs totaled more than $50,000, but when it was done, the man for whom the car was spruced up couldn't even fit inside it. "It was a bastard," a person who worked with Cage at the time said. "You couldn't sit in the back unless you're 5'8. He's six-feet. Ultimately, he got rid of it."

Comic Books - Cage was an avid comic-book collector and even owned the most prized, Action Comics #1 (which contained the first appearance of Superman) and Detective Comics 38. In 2002, he sold them all for a reported $1.6 million.
Shrunken heads & skulls - Three people who visited his house reported seeing shrunken heads. Cage also purchased a dinosaur skull in 2007 for $276,000 in a heated auction with Leonardo DiCaprio.
Animals - In addition to a handful of purebred dogs, Cage also had rare birds, lizards and snakes including two albino King Cobras.
Fine dining - One crew member from Cage's 1993 film 'It Could Happen to You' told The Daily Beast that a person was dispatched to caviar hotspot Petrossian in New York to get takeout for the star and a few people on the set. "It was something like $2,000 for a snack," the source said.

NO TABLOIDS, NO US SALES FOR 90 DAYS, Nicolas Cage at the "Bad Lieutenant: Ports of Call New Orleans" press conference at the Four Seasons Hotel on November 4, 2009 in Beverly Hills, California. "Bad Lieutenant: Ports of Call New Orleans" Press Conference Four Seasons Hotel Beverly Hills, CA United States November 5, 2009 Photo by Vera Anderson/WireImage.com To license this image (17030084), contact WireImage.com

Vera Anderson/WireImage.com

GONE IN 60 SECONDS Nicolas Cage as Memphis Raines

Touchstone Pictures

GONE IN 60 SECONDS Nicolas Cage as Memphis Raines and Robert Duvall as Otto Halliwell

I just crack up when these hollywood actors/actresses lose their money! Although they are vastly overpaid, the media makes such a BIG deal when they give to charity. He gave 1 to 2 million...that's like you and I giving $100.00. Oh my, how philanthropic and generous!

D, you are 100% correct. His decadence is absolutely disgusting. All this money and only 1-2 million to charity? How shameful. Im sure his Uncle Frank (Coppola) will bail the self obsessed glutton out.

D, you are a hater. It's obvious. That is worse than only him giving "only" 1 million to charity. You were not put here to judge him or anyone for that matter. I'd rather be him and living in a boxthan be hateful and jealous like you.By the way how much do you give to charity?

Hey, most movie Star's have EGO, that is his problem. That he signed this Power of attoney , to hiss manager, as Bill Cosby said, you see every bill and sigh every check. So, you know where you're moneies are, he screwed himself.!! That's like geetting my friend to pay my bills and give me allowance, million lesson.

Who gives a Rats-A what he spent his money on ? Doesn`t matter if he has a billion or 10 cents....he made it, he can spend it as he sees fit. An ice castle in a pool for a great party or Mac-D`s with with cash in the bank. Fifty cars, boats, trains, planes....or a VW Beetle Bug. He is a cool guy, good actor, makes good movies and I~m sure he isn`t losing any sleep over public opininon , or the rags mags tongues have to say .

How RIGHT you are. Not one in that industry is living in a real world where people live on the street because they lost their job and home. Bet Hollywood got it's flu shots while the poor don't even have a chance.

Mr. Cage, you do not know how to spend your money wisely. YOU buy to many of the same thing. You do not need the sympathy of your public, what you need is help in how to manage your money and not let others do it for you.

HAHAHAHAHAHAHAHAHAHAHAHAHA Maybe Cage can do another Natural Treasure movie in which he serches for where his money went. He can use clues like his comic, dinasaur head and his cars to find the money. What a waste people over spending on junk. If Cage and DiCaprio wanted a dinasaur skull badly I could have dug up one of my dead cats I burried and tell him its a baby dinasaur skull. I could use the money. He could come and pick it up in one of his many cars or his jet. And I'm supose to feel sorry for him how?????

It's sad that you'd compare what he gave to what he makes, sure it's like us giving 100.00 but 2 million dollars does a whole hell of a lot more than 100.00, so it's a dam good gesture. There is no moral law that what you give has to match your income, it's the amount that counts not how much in respect to what you have sheesh, how dense can you get?

Tex, where do you think he got all that money? From his adoring public! Granted, people pay to see his movies by choice (what a waste of good money), but his fans contributed to those little $2,000 caviar treats, etc. And don't they all scream "my manager (or whoever) cheated and stole from me" when they get caught. Bad actor, idiot with his money.